Last week's meeting of the group seems to have generated some interest. Hardly surprising given the figures the Insurance Fraud Bureau unveiled about the rapid spread of staged motor accidents.
The message that came through to MPs was that innocent people are now exposed to thousands of these accidents every year and that this was the peg on which to hang a new approach to police and ministers to give investigating this type of insurance fraud a proper priority. At the moment, it is barely on their radar screen and the police tend to be dismissive as they believe the 'victims' in insurance fraud are the insurance companies. MPs at the group meeting felt this needed to be turned round and a sharper focus put on the third parties who are caught in these staged accidents that earn the fraudsters around £30 000 to £40 000 a time.
A huge well done to all involved with organising our Remembrance Day event on Friday, including our Corporate Real Estate team. One of them, Ibrahim, took this incredible footage of poppies dropping as he (along with others) leaned (safely!) over the gantry to let them go. pic.twitter.com/pSbapkWBBR— Lloyd's (@LloydsofLondon) November 12, 2018
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